This is not an article about retirement planning. I had been smarter I would have 20 pounds of gold buried somewhere rather than my investments in the stock market, retirement plan, and IRAs. I have heard speculation since Obama was in office about a move to “take” over our individual retirement accounts. By all accounts there are trillions of dollars out there in which the federal government has no control over. Both Demoncrats and RINOs will salivate at the thought of having that much money to spend to ensure their re-election. They’re not likely to just take it, but will offer you the ability to convert your accounts to government guaranteed annuities. Think of Social Security again…many promises and IOUs and your beholding to the government for your daily bread. Any guess who you will vote for?
Posts Tagged ‘social security’
I think, therefore I Am…
I am starting to really like this category as it is all about what I think. I don’t have to spend a lot of time doing research, linking to articles, you know the hard, time consuming stuff. The thing that is bothering me today is the whole identity theft thing. I hate to use the word scam, but what do you call an industry that purports to protect you from harm caused by others and allowed by others?
First the headline…
…and now the story:
WASHINGTON – (AP) — The Obama administration says it is unable to go forward with a major program in the president’s signature health care overhaul law — a new long-term care insurance plan. [broken promises]
Officials said Friday the long-term care program has critical design flaws that can’t be fixed to make it financially self-sustaining. [Perhaps had they spent a little time doin some cipherin they could have figured this stuff out ahead of time. It is hard to believe that the White House’s fiscal projections were flawed.]
I love Milton Freidman. Economics can be rather dry so when I came across a series of videos of Friedman on common economic subjects I first enjoyed them and decided to share them with you. In one of these videos, Mr. Friedman compares a myth to an air mattress, full of nothing, but comfortable, and jarring when deflated.
The first is one that I posted a couple of years ago during features Friedman in an interview with Phil Donohue:
This one is about the myth of The Free Lunch or how taxes on corporations are really taxes on people:
I have to confess that I am embarrassed by being fooled by Obama last week and his tax “deal.”. I felt a sense of relief when he annouced an agreement with Republicans for an extension of the Bush Tax Cuts for ALL Americans. The far left went nuts over letting the “wealthy” keep their own money as if not stealing it through government dictate is something to give thanks. The official Republican spin was that this was a good deal. As the week wore on, however, we come to find that this deal contained a good deal more crap. As usual the Republicans gave a lot more than they got and the Democrats are still trying to load this bill up with their wish list or more realistically to buy votes so the measure can pass. Here is a partial list of the pork, but none of this is in writing and has all been done behind door number three:
Social Security wisdom passed along by Rich:
History Lesson on your Social Security Card that you won’t see in the main-stream media–now or ever. Learn these facts–they’re relevant!!!
- Social Security Cards up until the 1980s expressly stated the number and card were not to be used for identification purposes. Since nearly everyone in the United States now has a number, it became convenient to use it anyway and the message was removed. I compared my SS Card with my daughters and the note regarding it not to be used as identification has been removed.
Part 3 – Efficiency (NOT)
I wrote a book review about one of the scariest books that I have ever read. After more than three decades The Amityville Horror is still the scariest book that I have read. I have recently been frightened by another playbook, the government playbook.
Our founding fathers had experience with big government and its effects on freedom. They built many measures into the Constitution to limit the size of government. They were particularly concerned about a large federal government. I have recently worked for government for the past nine years and am amazed when people express a desire for government to “take over” something.
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